How can we help you?

Our experienced team is always ready to serve you.

Our company has been working with EFM for the past ten years. We engage in the wholesale market of machinery in all regions of Greece. When we started our collaboration with EFM, Mr. Koliothomas and his associates, I can’t say that I didn’t have some reservations about whether outsourcing my company’s accounting department would work, because up to that time, I had a permanent employee in this position for 20 years.
Now, 10 years into our collaboration, I regret not having done this earlier. For me, EFM is today a valuable partner with deep knowledge and exemplary client service, both in tax consultancy subjects and in a great variety of other consultancy services.
I would like to warmly thank my valuable partner, Mr Thomas Koliothomas, and his entire team for what they do for me on a daily basis.

Stavros Passalis, Athens
, Wholesaler of machinery

Taxation Heritage - Donations - Parental Benefits

The taxation of legacies, donations and parental benefits is divided into three categories, each of which provides a different tax, depending on the degree of kinship between the deceased and the inheritant. The categories are:

D.1 A Category

Belonging spouses, people who have signed a civil partnership, children, grandchildren and parents.
Inheritance tax is paid for each asset, according to the following table:

Branch propertyTax RateTax BracketTotal Asset ValueApplicable Taxation
150.000,000%0,00150.000,000,00
150.000,001%1.500,00300.000,001.500,00
300.000,005%15.000,00600.000,0016.500,00
Εxcess10%
  • Applies a special tax-free inheritance limit 400,000 € for the surviving spouse (after 5 years of marriage) and their minor children.
  • Informal donations or parental benefits (without written agreement) money in that category are taxed off scale at 10% and non-taxable limit.

D.2 B Category

Belonging brothers, nephews, grandmother, grandfather, grooms, brides, laws, uncles, great-grandfather, the great-grandmother and great-grandchildren.

Inheritance tax is paid for each asset, according to the following table:

Branch propertyTax RateTax BracketTotal Asset ValueApplicable Taxation
30.000,000%0,0030.000,000,00
70.000,005%3.500,00100.000,003.500,00
200.000,0010%20.000,00300.000,0023.500,00
Εxcess20%
  • Informal money donations or parental benefits in that category are taxed out of scale with the rate of 20% tax-free and without limit.

D.3 C. Category

Owned taxpayers by blood or marriage relatives of the donor (other than above) or exotic (outside the family).

Inheritance tax is paid for each asset, according to the following table:

Branch propertyTax RateTax BracketTotal Asset ValueApplicable Taxation
6.000,000%0,006.000,000,00
66.000,0020%13.200,0072.000,0013.200,00
195.000,0030%58.500,00267.000,0071.700,00
Εxcess40%
  • Informal money donations or parental benefits in that category are taxed out of range by a factor of 40% and non-taxable limit.

The payment of tax is certified in 12 equal bimonthly installments,
each of which may not be less than € 500.

D.5 Deadline For Declaration Heritage

The inheritance declaration is done (from the date of death) within:

  •  Six (6) months if the deceased died in Greece and
  •  One (1) year, if the deceased died abroad or if the heir or legatee lived abroad during the deceased decease.

Succesful companies compose of succesfull people